Bahrain money app Beyon Money has partnered with P2P payments company MoneyGram to enable its users to send money in near real-time to over 200 countries around the world.
Beyon Money, which describes itself as a “financial super app”, allows users to connect their local bank accounts to the app to review their transactions and spending habits in one place.
The company also offers a prepaid card as well as remittance services which will be enhanced by the partnership with MoneyGram.
The partnership comes after MoneyGram recently acquired a stake in Dubai-based mobile payment app Jingle Pay, and launched its remittance capabilities on Ooredoo Oman’s Pay+ mobile wallet.
Alex Holmes
“Through strategic partnerships like these, organisations can leverage our core capabilities to quickly add services and scale, while we’re able to increase payment volumes and set ourselves up to create meaningful processing revenue in the years ahead,”
said Alex Holmes, Chairman and CEO, MoneyGram.
Roberto Mancone
“The digital remittance service offered in our super app is highly innovative and allows clients to send money abroad from their Beyon Money wallet or directly from their bank account,”
said Roberto Mancone, CEO, Beyon Money.
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